The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by converting those coins into another cryptocurrency whose value is pegged to a real-life asset (for example, BitUSD is tied with the value of USD). This has quite a few advantages over regular exchanges (and some disadvantages as well), as we’ll see in the next sections.
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While centralization is understandable (exchanges have a need to tie cryptocurrency prices to real-life assets like USD or gold), there is also the need for a more decentralized, anonymous system, and that’s where BitShares comes in.